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General Motors Believes In An All-Electric Future

General Motors Believes In An All-Electric Future

Market Update December 12, 2017

 

Recently, General Motors, the world’s third largest auto seller, announced its plans to cease building internal combustion engine vehicles and shift their focus to an all-electric future.

During the media event at GM’s technical campus in Warren, Michigan, Mark Reuss, the company’s chief of global product development, said the course has been set, but the transition will take time.“Although the future won’t happen overnight, GM is committed to driving increased usage and acceptance of electric vehicles,” said Reuss.

Next year GM plans to release two new electric models and an additional 18 by 2023.

According to USA Today, Reuss did not pinpoint the year that GM will stop making gas and diesel vehicles, not that the company is too large to make such an estimate. GM’s first electric model resulted in resounding success with the Chevrolet Bolt being named Motor Trend's 2017 Car of the Year and the 2017 North American Car of the Year. The Bolt boasts a single charge battery range of 240 miles, which makes it an industry leader.

 


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